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7:55 AM ET, November 14, 2018

Mediagazer

 Top News: 
Kali Hays / WWD:
Penske Media, owner of WWD, Variety, and Rolling Stone, buys Peter Brant's ARTnews and Art in America, for a reported $20M-$25M  —  Jay Penske has made a number of investments and acquisitions over the last year, while Brant looks to be getting out of media altogether.
Discussion: New York Post and artnet News
RELATED:
Music Business Worldwide:
Rolling Stone partners with London-based Music Business Worldwide, an industry news outlet; Rolling Stone and Variety articles will be shared on MBW
Discussion: @cheriehu42
Brian Stelter / CNN:
CNN sues Trump and top aides, alleging that the suspension of Jim Acosta's press pass is a violation of Acosta's and CNN's First and Fifth Amendment rights  —  New York (CNN)CNN has filed a lawsuit against President Trump and several of his aides, seeking the immediate restoration …
RELATED:
Eriq Gardner / Hollywood Reporter:
CNN's lawsuit could lead to broader questions for Trump's administration in court, including queries about the decision to challenge the AT&T-Time Warner merger
Matthew Garrahan / Financial Times:
Quartz launches free new app with curated news stories and contributions from business leaders and introduces a premium membership tier for $14.99/month  —  Quartz is to launch a subscription tier for its business coverage and a new app that will offer aggregated news and user discussion …
Anthony Ha / TechCrunch:
IAB data shows digital ad spending in the first half of 2018 reached $49.5B, up 23% YoY, with mobile accounting for 63% of the total, up from 54% last year  —  The online advertising business continues to grow at double-digit rates, according to the latest report from the Interactive Advertising Bureau …
Georg Szalai / Hollywood Reporter:
Univision reports lower Q3 earnings, impacted partly by Dish dispute, with revenue dropping 17.3% YoY to $628.2M and ad revenue down 16.6% YoY to $378.7M  —  “Longer term, our refocused mission is gaining momentum,” says Vince Sadusky, the CEO of the Spanish-language media giant after a quarter …
Sam Rutherford / Gizmodo:
Spotify will roll out its Apple Watch app in the coming week but without key features like the ability to stream music on LTE or download songs  —  One of the big selling points of smartwatches is the ability to control apps without needing to pull out your phone.
Megan Graham / Ad Age:
Five advertising holding companies say the DOJ has ended an investigation into production bidding practices without charges; a probe into media buying continues  —  Five top holding companies subjected to a Department of Justice probe into ad industry production practices say the investigations …
Discussion: Adweek and MediaPost
Nicholas Kristof / New York Times:
Cynthia Littleton / Variety:
Disney is in talks with Hearst to sell its interest in five European cable channels that are part of its joint venture with A+E Networks  —  Disney is in talks with Hearst to sell off its interest in five European cable channels that are part of the larger A+E Networks joint venture between the companies.
Thomas Grove / Wall Street Journal:
Turkish court throws out conviction of former Wall Street Journal reporter Ayla Albayrak on charges of engaging in terrorist propaganda  —  Decision annuls terrorism conviction for 2015 article as Turkey seeks improved ties with West  —  A Turkish court threw out the conviction …
Sarah Perez / TechCrunch:
Wattpad launches Wattpad Next in the US, a new program offering readers exclusive stories paid for with Coins, its virtual currency  —  Steve Jobs famously once said that people don't read anymore, but it turns out younger people are, in fact, reading quite a lot - just in different ways than expected.
Discussion: VentureBeat
 
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 More News: 
Janko Roettgers / Variety:
Portal, a new ad-free video service used by The Young Turks, allows creators to charge up to $100 per video or to monetize through donations
Discussion: TV[R]EV, Crunchbase News and The Wrap
Associated Press:
MTV expands its live events business to diversify revenue by acquiring SnowGlobe Music Festival, which runs for three days over New Year's
 Earlier Picks: 
Thomson Reuters:
Reuters names Michael Friedenberg president of Reuters news and media operations, starting December 3
Margaret Sullivan / Washington Post:
In rushing to call the midterm elections in time for next-day analysis, journalists play into the harmful notion that elections are over on election night
Jon Russell / TechCrunch:
NetEase Cloud Music, a music streaming service by Chinese games and publishing giant NetEase, raises $600M from investors including Baidu and General Atlantic